Post Tagged with: "Oil"

This is what’s really wrong with oil

February 15, 2016 9:45 PM0 comments
This is what’s really wrong with oil

This is what’s really wrong with oil In mid-2014, crude oil prices were about $100, depending on which grade you wanted to buy. Now prices hover near $30—roughly a 70% decline in 18 months. The ongoing oil price collapse is having a severely negative impact on the wealth of those […]

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Oil prices post big rally, sending North American stocks soaring

February 12, 2016 4:57 PM0 comments
Oil prices post big rally, sending North American stocks soaring

A strong rebound in oil prices and an encouraging report on U.S. retail sales helped lift North American stock markets Friday. Financial and energy companies were among the biggest gainers on rare positive day for equities. Oil was up more than 11 per cent. The TSX composite index ended the […]

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Short interest in the energy sector hasn’t been this high in more than a decade

February 11, 2016 1:49 PM0 comments
Short interest in the energy sector hasn’t been this high in more than a decade

Just a couple of weeks ago, we pointed out that short interest in the S&P 1500 was at its highest level since June of 2012. Numbers are in for the second half of January, and the picture is only getting worse, with the energy sector playing a big role in the […]

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Stocks slammed; gold, oil move; overseas woes for Google, Facebook

1:18 PM0 comments
Stocks slammed; gold, oil move; overseas woes for Google, Facebook

Stocks (^DJI, ^GSPC, ^IXIC) getting pummeled on concerns about European financial firms and falling oil (OIL) prices.  To discuss that and some of the other big stories of the day are Yahoo Finance’s Alexis Christophorous, Yahoo Finance Columnist Rick Newman and Kevin Mahn, CIO, Hennion & Walsh Asset Management. Overseas woes for Google, Facebook […]

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Corporate News, Oil Rebound Help Propel Wall Street

October 7, 2015 10:45 AM0 comments
Corporate News, Oil Rebound Help Propel Wall Street

U.S. equity markets were solidly higher on Wednesday as focus turned to corporate news and energy names got a boost from higher oil prices. As of 9:30 a.m. ET, the Dow Jones Industrial Average was up 102 points, or 0.61% to 16893. The S&P 500 gained 11 points, or 0.57% […]

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Investors Flock to Safe-Haven Bonds in Market Selloff

September 22, 2015 10:04 PM0 comments
Investors Flock to Safe-Haven Bonds in Market Selloff

New York NY – U.S. equity markets pared a steep selloff on Tuesday after investors fled the equity market and sought safety in government bonds. The Dow Jones Industrial Average declined 179 points, or 1.09% to 16330. The S&P 500 sagged 24 points, or 1.23% to 1942, while the Nasdaq […]

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Wall Street Ends Flat Ahead of Jobs Report

September 3, 2015 4:12 PM0 comments
Wall Street Ends Flat Ahead of Jobs Report

After seesawing through afternoon action, Wall Street ended near the flat line as traders braced for Friday’s August jobs report. The Dow Jones Industrial Average rose 22 points, or 0.14% to 16373. The S&P 500 gained 2 points, or 0.11% to 1951, while the Nasdaq Composite ticked 16 points lower, […]

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eMediaWorld.com: Reports Propell Technologies OTCQB PROP Signs Agreement – First Oil Services Revenue Sharing

August 19, 2013 5:27 AM0 comments
eMediaWorld.com: Reports Propell Technologies OTCQB PROP Signs Agreement – First Oil Services Revenue Sharing

HOUSTON, Texas, – Propell Technologies (OTCQB:PROP) is pleased to announce that its wholly owned subsidiary, Novas Energy USA (“Novas”), has signed its first Oil Services Revenue Sharing Agreement to treat up to 10 wells in Oklahoma. The agreement provides that for a twelve month period Novas will receive 49% of […]

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eMediaWorld.com: Oil slips despite Egypt crisis

August 17, 2013 6:07 AM0 comments
eMediaWorld.com: Oil slips despite Egypt crisis

The price of oil slipped below $107 per barrel as the oil market shrugged off continuing violence in Egypt. U.S. benchmark crude fell 58 cents to $106.75 in afternoon trading, putting it on track to finish the week roughly flat. Brent crude, which is used to price imported crude used […]

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Multi-Corp International (OTCQB: MULI) Announces Meetings Taking Place for Bonding and Orientation

July 23, 2013 9:36 AM0 comments
Multi-Corp International (OTCQB: MULI) Announces Meetings Taking Place for Bonding and Orientation

LOS ANGELES and DENVER CITY, Texas, July 22, 2013 – Multi-Corp International Inc. (OTCQB: MULI). (“Multi-Corp” or the “Company”) an emerging Exploration and Production Company that is actively acquiring and developing oil and gas assets in North America is pleased to announce that they have attended the bonding and orientation […]

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